Old media's problems are the costs not the lack of paywalls — GigaOm's Mathew Ingram is one of my favorite bloggers (who doesn't work at PandoDaily), so I'm delighted that this time, I actually agree with him on something. — Go read his post on why paywalls are not the answer to dying newspapers right now.

Top BBC Figures Acknowledge ‘Errors’ in Reporting Scandals — Two of the most senior figures at the British Broadcasting Corporation said on Tuesday that there had been “basic” and “elementary” failures of the organization's journalism when it wrongly implicated a former Conservative Party politician …

Post Co. Chairman Donald Graham sells some Facebook shares — Donald E. Graham, the Washington Post Co.'s chairman and chief executive, sold $6.7 million worth of Facebook shares that he received as a director of the social media company, according to a Securities and Exchange Commission filing.

Guardian and BBC battle for traffic in the Big Apple — The Guardian is making a song and dance about its web traffic having surpassed that of BBC News in the U.S. (via release). — That is a significant milestone for the UK publisher in the battle to win American hearts, minds, eyeballs — and advertisers.

Bloomberg L.P. Names Ted Moncreiff Editor of Pursuits — BACK TO EDITING: Bloomberg L.P. is getting some Condé Nast blood for its newish luxury glossy. Ted Moncreiff, a magazine lifer who until this week had been at Condé Nast Ideactive, the ad agency-like outfit within …

Are These Guys Crazy? — It has happened in newsrooms across the country. News breaks that somebody is buying a newspaper, undoubtedly at a deeply discounted price. Buyout-weary reporters and editors look around their own newsrooms filled with empty desks and wonder: “Who are these guys buying newspapers?

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